With an end-of-the-month deadline looming, Kinder Morgan (NYSE:KMI) and the Government of Canada struck a deal to keep the controversial Trans Mountain Pipeline expansion project alive after the pipeline giant agreed to sell the existing line and the planned expansion to Canada for 4.5 billion Canadian dollars ($3.5 billion). The deal will enable Kinder Morgan to walk away from the controversial....More>>>
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The battle for some of Russia’s richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.
They’re all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in....More>>>
Monday June 19: Five things the markets are talking about
Last week saw a plethora of bad economic news stateside, starting with continued weakness in inflation, consumer confidence, housing and manufacturing. The Fed followed their script and removed the expected amount of stimulus on the assumption that inflation and the U.S economy will improve.
This week should be much quieter....More>>>
Shares of Gap (GPS ) have climbed 10% over the last four weeks in a sign that investors might be anticipating strong quarterly financial results from the retailer. Let’s take a look to see what they should really expect from Gap in the first quarter.
Gap follows a slew of other retail industry giants which have all reported their quarterly earnings results over the last few weeks,....More>>>
As expected, the first day of the Farnborough Airshow was a busy one for the two major commercial jet makers. Boeing Co. (NYSE: BA) announced orders for some 59 new passenger jets, while European rival Airbus said it took orders for 100 new planes. Not all these orders are new or firm.
Before turning to the scoreboard, one item of special interest is an order from United Airlines for 25 Embraer....More>>>
Last month, Kinder Morgan (NYSE:KMI) finally gave up on its controversial expansion of the Trans Mountain Pipeline in Canada by selling the entire system to the Government of Canada for 4.5 billion Canadian dollars ($3.5 billion). As a result, the company will lose out on the opportunity to invest $5.7 billion in expanding the system, which would have generated CA$1.1 billion ($850 million) of annual....More>>>
Canada Goose Holdings’ (NYSE:GOOS) fiscal fourth-quarter 2018 earnings, released on June 15, have propelled the company’s already impressive stock chart into, well, a goose-neck pattern:
GOOS data by YCharts.
The company surprised investors with results that surpassed expectations on multiple fronts. Revenue soared 41% year over year to $403.8 million (Canadian dollars),....More>>>
&l;p&g;The last time that Apple provided EPS guidance was in 2012. Starting with the first fiscal quarter in 2013 it has been giving revenue, gross margin, operating expenses, other income and tax rate guidance but not EPS. It also started giving ranges vs. single data points for revenue, gross margin and operating expenses. &l;em&g;(Note that I own Apple shares and have sold Put options).&l;/em&g;
A railroad has yielded one of the biggest U-turns in the history of hedge fund activism.
A year ago, Canadian Pacific CEO Hunter Harrison, 72, was working alongside hedge fund billionaire Bill Ackman of Pershing Square on a contentious effort to buy competitor Norfolk Southern for $28.4 billion, a deal Harrison said would re-shape the North American rail industry by alleviating bottlenecks....More>>>
President Trump could soon kill a major trade deal with Mexico and Canada if huge compromises aren’t made this week.
Round 6 of the renegotiation of NAFTA, the pact between Mexico, Canada and the U.S., starts Tuesday in Montreal, Canada.
No major progress has been made on key issues through the first five rounds. Only one more round after this week is scheduled, and Trump....More>>>
After promising to search North America for the perfect home for its next headquarters, Amazon has narrowed its list to 20 cities 19 of which are in the United States. The one exception? Toronto.
An outlier on Amazon’s list, Toronto has earned the attention of the technology world due to its diverse population, talent pool and welcome stance on immigration.
Please note that all amounts are Canadian dollars in this article, unless otherwise noted. Conifex Timber Inc. (OTC:CFXTF) trades on the TSX Exchange under the more liquid ticker CFF.TO.
The North American lumber industry is a very difficult industry for investors since it has one key attribute that is anathema to many investors – volatility. Most investors widely associate volatility....More>>>
Sometimes in the investing world, the higher the risk, the higher the potential gains. For investors looking for that sort of jackpot, we’ve uncovered fivehigh-risk stocks to keep your eye on.
All of these stocks are penny stocks, which trade for $5.00 or less and are known for their volatility and boom-and-bust potential.Top 10 Penny Stocks To Buy For 2019: NRG Energy Inc.(NRG)
Marathon Patent Group Inc. (Nasdaq: MARA) is among the top penny stocks to watch for December after climbing an astonishing 341% during the short Thanksgiving week.
While that’s a great gain, we’re recommending a different stock to our readers. This stock is positioned for huge returns and is less volatile.
Instead, the company we’ll show you today is on the....More>>>